According to the Bank of Greece, the weighted average interest rate on new deposits remained unchanged at 0.05% in November 2021, while the weighted average interest rate on new loans decreased to 3.73%.
The interest rate spread between new deposits and loans decreased to 3.68 percentage points.
The weighted average interest rates on outstanding amounts of deposits and loans remained unchanged at 0.04% and 3.51% respectively.
The interest rate spread between outstanding amounts of deposits and loans remained unchanged at 3.47 percentage points.
The weighted average interest rate on new deposits remained unchanged at 0.05%.
In particular, the average interest rates on overnight deposits placed by households and non-financial corporations remained unchanged at 0.03% and 0.00% respectively. The average interest rate on deposits from households with an agreed maturity of up to 1 year remained also unchanged at 0.14% compared with the previous month.
The weighted average interest rate on new loans to households and non-financial corporations decreased by 21 basis points to 3.73%.
More specifically, the average interest rate on consumer loans without a defined maturity (a category that comprises credit cards, revolving loans and overdrafts) remained almost unchanged at 14.50%.
The average interest rate on consumer loans with a defined maturity at a floating rate remained almost unchanged at 11.42%. The average interest rate on housing loans at a floating rate remained also unchanged at 2.41%.
The average interest rate on new corporate loans without a defined maturity decreased by 11 basis points to 4.02%, while the corresponding rate on loans to sole proprietors remained almost unchanged at 6.47%.
In November 2021, the average interest rate on corporate loans with a defined maturity at a floating rate decreased by 29 basis points to 2.56% compared to 2.85% in the previous month. The interest rate on loans with a defined maturity at a floating rate to small and medium-sized enterprises (SMEs) increased to 3.29% from 3.16% in the previous month.
